By: Helen Cahill

I report on retail and property for City A.M. I have covered the investigation into BHS and London's housing crisis. You can email me on helen.cahill@cityam.com with tips or commentary.

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GSK chief says top bosses should not get knighthoods

January 25, 2017

The boss of pharmaceutical giant GSK – who has himself been knighted – has said that businesspeople should not be rewarded with knighthoods. Sir Philip Hampton told MPs that because top bosses were rewarded with their pay, they should not be in line for honours as well. His comments come after MPs made a symbolic vote to [...]
We’re still paying tax on the Olympics – even though the debt has been paid off

January 25, 2017

Londoners are still paying tax for hosting the Olympic Games, despite having paid off the debt for the sporting event. According to the Conservatives at City Hall, London mayor Sadiq Khan hasn't removed the Olympic precept from his first budget, and is using it to fund other projects. It was set up before the games [...]
Little Chef is being gobbled up

January 24, 2017

Little Chef Owner Kout Food Group has confirmed that several companies have made bids for the classic motorway food restaurant. The group said in a statement: "Kout Food Group confirms that more than one corporation (including an international chain) has expressed interest in commencing operations within the Little Chef portfolio of over 70 sites. Read [...]
Property transactions were resilient throughout 2016

January 24, 2017

The number of property transactions fell 8.5 per cent year-on-year in December 2016 – but over the year as a whole, the market was resilient. Data from HM Revenue and Customs shows that there were 1,231,120 residential transactions last year, ahead of the number of transactions in both 2014 (1,225,120) and 2015 (1,225,970). However, the [...]
Analysts react to Dixons Carphone’s Christmas trading update

January 24, 2017

Electronics retailer Dixons Carphone has reported its fifth year of Christmas sales growth, but market reaction was muted, with the company's share price falling more than three per cent in morning trading. Alistair Davies, analyst at Investec, said it was likely that Dixons Carphone had increased market share and improved its margins. There were availability issues around [...]
Crest Nicholson’s profit soars – but it warns about cost pressures and falling house prices in central London

January 24, 2017

Crest Nicholson's share price remained largely flat as the company reported a 27 per cent jump in profit. The builder said it was selling more homes at higher prices – but warned of pricing pressures in central London and cost inflation due to the Brexit vote. The figures The housebuilder's profit jumped 27 per cent in [...]
Why the UK is falling out of love with fashion: M&S, Debenhams and Ted Baker offer solutions to the high street clothing crisis

January 24, 2017

In 2016, Britons were focused less on fashion, and more on enjoying themselves. We ate out and drank more, but spent less on clothes. In other words, we “shifted towards the experience economy”, according to Richard Lim, chief executive of Retail Economics. “Since Brexit, the components within the economy holding up well have been consumer expenditure [...]
IBM beats estimates but revenues fall

January 19, 2017

IBM beat estimates with its fourth-quarter results, but its shares fell in after-hours trading as it posted its 19th drop in revenues in a row. The figures IBM reported overall fourth-quarter revenue of $21.8bn (£17.7bn), down one per cent year-on-year. However, revenue for cloud services jumped 33 per cent to $4.2bn. Read more: Bank of [...]
Owner of New York Jets to become US ambassador to the UK

January 19, 2017

The owner of the the New York Jets, Woody Johnson, will be the next US ambassador to the UK. As a Republican donor, Johnson – descendent of the family behind pharmaceutical company Johnson & Johnson – initially supported Jeb Bush as the party's nominee to be President. However, following the collapse of Bush's campaign, Johnson supported [...]
Westminster and Waterloo bridges closed after World War Two bomb found

January 19, 2017

Both Westminster and Waterloo bridges have been shut due to the discovery of a World War Two bomb in the River Thames. Westminster Police said in a tweet: "Please bear with us as we deal with dredged up suspected WWII ordnance." Read more: Black cab drivers bring roads around Westminster to a standstill with demo [...]

Brent Hoberman: We need a ‘British dream’ – and more talented immigrants

Surj reiterates sports commitments following PIF’s partial retreat

New London rooftop bar will be biggest ever with 1,000 capacity

By: Helen Cahill

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